US Loans 8.5 Million Barrels of SPR Oil in Second Batch Since Iran War
(Reuters) – The U.S. Department of Energy said on Friday it had loaned 8.48 million barrels of crude oil from the Strategic Petroleum Reserve to four oil companies, the second…
What the Trump Tax Breaks Giveth, the Gasoline Pump Taketh Away
By Rising gas prices threaten to offset tax refund gains, especially for lower-income Americans Wealthier taxpayers benefit more from new deductions, data from Tax Foundation and IRS shows Economists cut…
US Drillers Cut Oil and Gas Rigs for Third Time in Four Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third time in four weeks, energy services firm Baker Hughes said…
Occidental Reports Lower Realized Oil Prices Even as Iran Conflict Drives Up Crude Rates
(Reuters) – Shale producer Occidental Petroleum said on Friday its worldwide average realized oil prices fell about 1.6% year-on-year in the first quarter, despite higher benchmark crude rates amid Middle…
Oil Ends Lower Ahead of U.S.-Iran Ceasefire Talks, Posts Steepest Weekly Loss Since 2022
Summary Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Shipping at near-standstill in Strait of Hormuz Brent down 12.7%, WTI down 13.4% this week Russia’s…
Ranked: The Countries Building the Most Nuclear Power – Visual Capitalist
By Key Takeaways China is on track to more than double U.S. nuclear capacity, reaching nearly 186 GW. The U.S. leads today but ranks second when planned projects are included.…
FERC Approves NextDecade’s Request for More Workers and Longer Hours at Texas Site
HOUSTON, April 10 (Reuters) – U.S. federal regulators on Friday approved a request by NextDecade (NEXT.O) to increase the peak number of construction workers at its Rio Grande LNG project…
US Likely to Extend Russian Oil Waiver to Temper Iran War Shock, Sources Say
By , and Waiver part of US effort to control fuel prices during war Russia, Iran waivers criticized by US lawmakers in both parties Waiver expires at midnight EDT on…
Oil Ends Lower Ahead of U.S.-Iran Ceasefire Talks, Posts Steepest Weekly Loss Since 2022
By Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Shipping at near-standstill in Strait of Hormuz Brent down 12.7%, WTI down 13.4% this week Russia’s…
Iran War Erodes Exxon, Chevron Profits Even as Oil Prices Soar
By The surge in oil and natural gas prices from the Iran war might seem like good news for the world’s biggest energy companies, but disruptions to production in the…
